Auction Details
<b>Genesee County Auction - Flint Area</b>
<p>These are properties that have been foreclosed on by the county for delinquent property tax. The winning bidder receives a Quit Claim Deed, not a lien.
<p>Public Act 123 of 1999 dramatically reformed the method by which Michigan County Governments manage tax-delinquent real-estate.
<p>Under prior law, liens on parcels were offered to private investors at the annual May tax sale. Property owners were then subject to foreclosure of these liens and ultimately the loss of their property. Those property liens not purchased by private investors (usually the less desirable properties) ultimately reverted directly to the State of Michigan, which processed them and sold them at regional 'scavenger sales' held by the Michigan Department of Natural Resources.
<p>Under the new law, the sale of liens has been replaced by direct foreclosure to the County Treasurer, or to the State of Michigan if the County 'opts out' of participating in the process. The properties are then sold by deed at auction.
<p>For investors and buyers this system eliminates the uncertainty of predicting which property owners will redeem their parcels from lien sale. At the new land auctions the high bidder is awarded a deed to the parcel, and all of the previous complications involving tax lien foreclosure are removed.
<p>Title Check, LLC which acts as the authorized representative in foreclosure for 60 of the 83 counties in Michigan, in association with Tranzon-Bippus as auctioneer, currently act as the liquidation agent for 10 Michigan counties. Parcels which will be offered on behalf of these counties can be viewed on this website.
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